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Thermo Credit Funds Factoring Facility to Integrity General Engineering Contractors

April 08, 2016, 07:27 AM
Filed Under: Utilities

Thermo Credit, LLC has provided a $500,000 factoring facility to Integrity General Engineering Contractors, Inc.
The California-based company provides underground utility services and plans to use the funds to support working capital requirements associated with the company’s growth, including future plans to expand into the distribution gas space.

Tony Vedova, Integrity’s CEO commented, “Because we are a start-up, this facility is an extremely important part of our growth model. We needed a flexible solution that recognizes our customers and their AR terms which Thermo Credit was able to provide.”

Seth Block, Executive Vice President of Thermo Credit stated, “Integrity is an example of the type of well run company with which we are looking to work. We feel our facility will take them to the next level.”

The facility was funded by Thermo Credit’s lending partner, Thermo Communications Funding, LLC.

Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services. Specializing in the communications and technology industries, Thermo Credit serves established, well-run companies that need capital to expand their business, improve operations or fund an acquisition.

Integrity General Engineering Contractors is a general engineering contractor that provides underground utility services to the utility industry, ranging from long-line conduit installations for power and fiber to underground structure installations. The company has a management team with more than 100 years of combined experience in the industry and it supports a geographic market from Los Angeles to the Border of Mexico to the South, and Arizona to the East. Integrity is a union contractor and a certified Woman Owned Minority Enterprise through the PUC of California.

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